STR Global: Asia/Pac Results for October
Hotels in the Asia Pacific region experienced positive results in the three key performance metrics when reported in US dollar constant currency, according to October 2015 data compiled by STR Global.
Compared to October 2014, the Asia Pacific region reported a 0.8% increase in occupancy to 71.7%, a 1.7% rise in average daily rate to US$113.50 and a 2.6% increase in RevPAR to US$81.42.
Performance of featured countries for October 2015 (local currency, year-over-year comparisons):
India reported double-digit growth in both occupancy (+15.0% to 62.8%) and RevPAR (+13.6% to INR3,683.91). ADR in the country dipped 1.2% to INR5,866.47. Performance for the month was driven by a 19.2% spike in demand—the highest in the country since March 2010. Daily data indicates Tuesdays, Wednesdays and Thursdays as the main drivers of demand, which is now up 10.7% year to date.
(Read more at: HotelNewsNow.com)